Altcoin fir méi wéi Bitcoin am Gewënn am nächste Cryptocurrency Bubble

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RESULTATER

Bitcoin (BTC) is now just a few hundred dollars away from reaching a new all-time high, as it continues to maintain its bullish undertone. That said, the closer the benchmark cryptocurrency gets to its $20,000 peak, the more bullish altcoins will react.

This week, BTC broke the $19,000 mark for the first time this year and now has little to no resistance before the $20,000 target. Meanwhile, altcoins have entered a strong parabolic bull run the same way Bitcoin did several weeks ago.

Over the past few weeks, Ripple (XRP) has climbed more than 200%, tripling its original value. Ethereum (ETH), Litecoin (LTC), Cardano (ADA), and several other top altcoins from the last “cryptocurrency bubble” three years ago have started forming a bubble once again.

Many investors who missed out on the recent Bitcoin rally or sold too early cannot get back in because Bitcoin has now gotten too pricey. That said, they are now trooping into altcoins, which are cheaper alternatives and have outperformed the primary crypto in the past.

Bitcoin has recorded over 150% in year-to-date growth despite how rocky this year has been for economies and corporations. However, in the past two weeks alone Ripple has recorded more than BTC’s YTD growth. Ethereum has grown by 350% YTD, and the lower you go down the market cap ladder, the larger the gains.

Schlëssel BTC Niveauen fir ze iwwerwaachen - 25. November

Bitcoin appears to have entered a modest consolidation between $19,500 (its YTD high) and $18,900. We expect to see a mild dip to the $18,700, where BTC should find a decent bounce.

The next time Bitcoin likely breaks the $19,500 level will be the last time below $20,000 in the hours that follow.

Mëttlerweil sinn eis Schlësselwidderstandsniveauen op $ 19,500, $ 19,800, an $ 20,000. Wärend eis Schlëssel Supportniveauen op $ 18,900, $ 18,700, an $ 18,500 sinn.

Total Maart Kapital: $ 566 Milliarden

Bitcoin Maart Kapital: $ 350 Milliarden

Bitcoin Dominanz: 61.8%

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